Topic: Why You Should Never Sell Your Bitcoins Ever - page 8. (Read 270138 times)
Investing in bitcoin is like investing in stocks. "Price fluctuate". When should you buy stocks? high or low? Low. When should you sell stocks? High. Don't invest if you don't have the extra money to invest in the risk and if you don't have the time to wait for your investment to appreciate.
I will not suggest any one to never sell your bitcoins, when one is in dire need of finances they will not have any other option rather than selling bitcoins but they should keep in mind to sell them when there is a pump in the bitcoin market, there are people in the early stages of bitcoins who have hold their bitcoins and has earned good profits as the price of bitcoins has surpassed above $ 10000 all I would say is that in order for the bitcoin network to get busy the bitcoins holder's should sell their bitcoins, only then the price keeps on shooting and new people get a chance to enjoy the benefits of bitcoins.
My main reason is that someday the price will be very expensive, as happened with the year 2017 that the price increase has reached more than 1000% and I'm sure the year 2018 can be better than the year 2017.
Holding bitcoin is important but affording this is hard and we can't do this all the time. We should push ourselves to make this happen. We shouldn't sell it for minimal profit.
for the greatest benefit of speculation ofcourse. I am not that skilled in exchanging term, so I lean toward clutch some coin and make the most of their costs up in the matter of time. all things considered, it is smarter to put than remain in paper cash
Reading the responses to the recent topic titled, "I would sell all my bitcoins if…." has left me concerned.
The kinds of responses on that thread reveal a deep misunderstanding of bitcoin and the current monetary system in many of those who are speculating. Let's consider the scenario in which bitcoin reaches $1000 or let's say $10,000 per bitcoin. Many have said they will cash out if bitcoin reaches this point. Why??
If bitcoin reaches $10,000 it will have to be because the fiat currencies of the world are tumbling to worthlessness via a hyperinflation type scenario and bitcoin is the safe haven, which if you know anything about the current monetary systems of the world, you know this is inevitable. (there have been 3800 fiat currencies throughout history and EVERY SINGLE LAST ONE has crashed to worthlessness; a value of zero) Why would you then sell all of your sound money (Bitcoin) for a bunch of fiat money that is inevitably becoming worthless? I don't understand the logic in doing that.
If bitcoin ever reaches $10,000 per bitcoin, you will NEVER see me selling for fiat paper money. You may however see me having a shopping spree at Overstock.com or TigerDirect.com or NewEgg.com! I will be buying things I want with my bitcoin profits DIRECTLY WITH BITCOIN, not selling my bitcoin for paper fiat. Hopefully by then there will be many more options, perhaps even Amazon.com will be accepting bitcoin for goods and I can have my shopping spree there.
Point being, selling bitcoin for dollars seems counterproductive. Why convert your paper fiat currency into sound value storing superior bitcoin, only to sell all of your superior bitcoin back for worthless antiquated fiat currency again? Why not just spend the bitcoin itself to buy what you want instead of taking a loss by converting back into dollars which will inflate away eventually anyway?
I think it was too risky. First of all we have no assurance that bitcoin will be there til future. Besides, there are still many users that tend to hold it for a long time. However, the decision will always from them. Base on what I have read here, it is better to sell some of it when its price dumps to gain bigger profit.The kinds of responses on that thread reveal a deep misunderstanding of bitcoin and the current monetary system in many of those who are speculating. Let's consider the scenario in which bitcoin reaches $1000 or let's say $10,000 per bitcoin. Many have said they will cash out if bitcoin reaches this point. Why??
If bitcoin reaches $10,000 it will have to be because the fiat currencies of the world are tumbling to worthlessness via a hyperinflation type scenario and bitcoin is the safe haven, which if you know anything about the current monetary systems of the world, you know this is inevitable. (there have been 3800 fiat currencies throughout history and EVERY SINGLE LAST ONE has crashed to worthlessness; a value of zero) Why would you then sell all of your sound money (Bitcoin) for a bunch of fiat money that is inevitably becoming worthless? I don't understand the logic in doing that.
If bitcoin ever reaches $10,000 per bitcoin, you will NEVER see me selling for fiat paper money. You may however see me having a shopping spree at Overstock.com or TigerDirect.com or NewEgg.com! I will be buying things I want with my bitcoin profits DIRECTLY WITH BITCOIN, not selling my bitcoin for paper fiat. Hopefully by then there will be many more options, perhaps even Amazon.com will be accepting bitcoin for goods and I can have my shopping spree there.
Point being, selling bitcoin for dollars seems counterproductive. Why convert your paper fiat currency into sound value storing superior bitcoin, only to sell all of your superior bitcoin back for worthless antiquated fiat currency again? Why not just spend the bitcoin itself to buy what you want instead of taking a loss by converting back into dollars which will inflate away eventually anyway?
Material goods in our situation can only be paid by paper money. There are some companies that use bitcoins but most companies use dollars. I think it is still the same since you get what you want by mining bitcoins, convert it to money, and buy whatever you want.
My main reason is that someday the price will be very expensive, as happened with the year 2017 that the price increase has reached more than 1000% and I'm sure the year 2018 can be better than the year 2017.
im not selling my BTCs - im just using tchem to buy goods.
not my fault some companies sell them later tho..
not my fault some companies sell them later tho..
Good for you that you are only using btc as payment to buy goods. I preferably holding my bitcoin because i wanted to sell it later at a higher price that would give ma double or triple ROI.
There is still going to be a long way before the mass accepts bitcoin and use it on their everyday lives so I'm still going to continue buying and selling because it's where the opportunity comes from.
Well the remark isn;t really good. If you never sell the btc you never make profit. I do agree that holding is a good thing but you need to know how much to do so
To convert from BTC to fiat there will be a fee, whereas just buying whatever it is directly with bitcoin there will not.
it is really true when buy there is no shipping cost because the seller who sent it, but if we sell there is a fee, what else now we know the bitcoin delivery fee is very expensive so then if it does not need once I do not do bitcoin transactions
Reading the responses to the recent topic titled, "I would sell all my bitcoins if…." has left me concerned.
The kinds of responses on that thread reveal a deep misunderstanding of bitcoin and the current monetary system in many of those who are speculating. Let's consider the scenario in which bitcoin reaches $1000 or let's say $10,000 per bitcoin. Many have said they will cash out if bitcoin reaches this point. Why??
If bitcoin reaches $10,000 it will have to be because the fiat currencies of the world are tumbling to worthlessness via a hyperinflation type scenario and bitcoin is the safe haven, which if you know anything about the current monetary systems of the world, you know this is inevitable. (there have been 3800 fiat currencies throughout history and EVERY SINGLE LAST ONE has crashed to worthlessness; a value of zero) Why would you then sell all of your sound money (Bitcoin) for a bunch of fiat money that is inevitably becoming worthless? I don't understand the logic in doing that.
If bitcoin ever reaches $10,000 per bitcoin, you will NEVER see me selling for fiat paper money. You may however see me having a shopping spree at Overstock.com or TigerDirect.com or NewEgg.com! I will be buying things I want with my bitcoin profits DIRECTLY WITH BITCOIN, not selling my bitcoin for paper fiat. Hopefully by then there will be many more options, perhaps even Amazon.com will be accepting bitcoin for goods and I can have my shopping spree there.
Point being, selling bitcoin for dollars seems counterproductive. Why convert your paper fiat currency into sound value storing superior bitcoin, only to sell all of your superior bitcoin back for worthless antiquated fiat currency again? Why not just spend the bitcoin itself to buy what you want instead of taking a loss by converting back into dollars which will inflate away eventually anyway?
As far as I understand, we earn bitcoin in order to spend it. If there is no way to make purchases for bitcoin, then why not change bitcoin for fiat? that's when bitcoin will accept payment structures then do not have to sell it.The kinds of responses on that thread reveal a deep misunderstanding of bitcoin and the current monetary system in many of those who are speculating. Let's consider the scenario in which bitcoin reaches $1000 or let's say $10,000 per bitcoin. Many have said they will cash out if bitcoin reaches this point. Why??
If bitcoin reaches $10,000 it will have to be because the fiat currencies of the world are tumbling to worthlessness via a hyperinflation type scenario and bitcoin is the safe haven, which if you know anything about the current monetary systems of the world, you know this is inevitable. (there have been 3800 fiat currencies throughout history and EVERY SINGLE LAST ONE has crashed to worthlessness; a value of zero) Why would you then sell all of your sound money (Bitcoin) for a bunch of fiat money that is inevitably becoming worthless? I don't understand the logic in doing that.
If bitcoin ever reaches $10,000 per bitcoin, you will NEVER see me selling for fiat paper money. You may however see me having a shopping spree at Overstock.com or TigerDirect.com or NewEgg.com! I will be buying things I want with my bitcoin profits DIRECTLY WITH BITCOIN, not selling my bitcoin for paper fiat. Hopefully by then there will be many more options, perhaps even Amazon.com will be accepting bitcoin for goods and I can have my shopping spree there.
Point being, selling bitcoin for dollars seems counterproductive. Why convert your paper fiat currency into sound value storing superior bitcoin, only to sell all of your superior bitcoin back for worthless antiquated fiat currency again? Why not just spend the bitcoin itself to buy what you want instead of taking a loss by converting back into dollars which will inflate away eventually anyway?
Cause spending bitcoin directly is the only way for not selling it. But main stream kind of adoption only will give desired effects of do not sell bitcoin concept.I'll keep holding, because I know the real value. If you dump, that would mean I could have more cheap coins.
I never sell bitcoin because bitcoin is a future investment that will make me successful and rich, I'm sure this is happening soon and I will be patient to wait and not interested to sell bitcoin in the near future.
Reading the responses to the recent topic titled, "I would sell all my bitcoins if…." has left me concerned.
The kinds of responses on that thread reveal a deep misunderstanding of bitcoin and the current monetary system in many of those who are speculating. Let's consider the scenario in which bitcoin reaches $1000 or let's say $10,000 per bitcoin. Many have said they will cash out if bitcoin reaches this point. Why??
If bitcoin reaches $10,000 it will have to be because the fiat currencies of the world are tumbling to worthlessness via a hyperinflation type scenario and bitcoin is the safe haven, which if you know anything about the current monetary systems of the world, you know this is inevitable. (there have been 3800 fiat currencies throughout history and EVERY SINGLE LAST ONE has crashed to worthlessness; a value of zero) Why would you then sell all of your sound money (Bitcoin) for a bunch of fiat money that is inevitably becoming worthless? I don't understand the logic in doing that.
If bitcoin ever reaches $10,000 per bitcoin, you will NEVER see me selling for fiat paper money. You may however see me having a shopping spree at Overstock.com or TigerDirect.com or NewEgg.com! I will be buying things I want with my bitcoin profits DIRECTLY WITH BITCOIN, not selling my bitcoin for paper fiat. Hopefully by then there will be many more options, perhaps even Amazon.com will be accepting bitcoin for goods and I can have my shopping spree there.
Point being, selling bitcoin for dollars seems counterproductive. Why convert your paper fiat currency into sound value storing superior bitcoin, only to sell all of your superior bitcoin back for worthless antiquated fiat currency again? Why not just spend the bitcoin itself to buy what you want instead of taking a loss by converting back into dollars which will inflate away eventually anyway?
As far as I understand, we earn bitcoin in order to spend it. If there is no way to make purchases for bitcoin, then why not change bitcoin for fiat? that's when bitcoin will accept payment structures then do not have to sell it. The kinds of responses on that thread reveal a deep misunderstanding of bitcoin and the current monetary system in many of those who are speculating. Let's consider the scenario in which bitcoin reaches $1000 or let's say $10,000 per bitcoin. Many have said they will cash out if bitcoin reaches this point. Why??
If bitcoin reaches $10,000 it will have to be because the fiat currencies of the world are tumbling to worthlessness via a hyperinflation type scenario and bitcoin is the safe haven, which if you know anything about the current monetary systems of the world, you know this is inevitable. (there have been 3800 fiat currencies throughout history and EVERY SINGLE LAST ONE has crashed to worthlessness; a value of zero) Why would you then sell all of your sound money (Bitcoin) for a bunch of fiat money that is inevitably becoming worthless? I don't understand the logic in doing that.
If bitcoin ever reaches $10,000 per bitcoin, you will NEVER see me selling for fiat paper money. You may however see me having a shopping spree at Overstock.com or TigerDirect.com or NewEgg.com! I will be buying things I want with my bitcoin profits DIRECTLY WITH BITCOIN, not selling my bitcoin for paper fiat. Hopefully by then there will be many more options, perhaps even Amazon.com will be accepting bitcoin for goods and I can have my shopping spree there.
Point being, selling bitcoin for dollars seems counterproductive. Why convert your paper fiat currency into sound value storing superior bitcoin, only to sell all of your superior bitcoin back for worthless antiquated fiat currency again? Why not just spend the bitcoin itself to buy what you want instead of taking a loss by converting back into dollars which will inflate away eventually anyway?
for the maximum profit of investment ofcourse. i am not that talented in trading term, so i prefer hold on to some coin and enjoy their prices up in the matter of time. well, it is better to invest than stay in paper money
Any economic decision is taken in a specific moment: it doesn't make any sense to discuss it when the situation is different.
Nobody knows if bitcoin will rise again or if it will crash, but "never sell" is a bad advice.
Nobody knows if bitcoin will rise again or if it will crash, but "never sell" is a bad advice.
?What would be the advantage to have a lot of money (or bitcoin) if you don't use them?
Of course, it could be a good long term strategy to keep part of them untouched, but in rest, money is made to be spent :-)
im not selling my BTCs - im just using tchem to buy goods.
not my fault some companies sell them later tho..
not my fault some companies sell them later tho..
Good for you that you are only using btc as payment to buy goods. I preferably holding my bitcoin because i wanted to sell it later at a higher price that would give ma double or triple ROI.
Because the price of bitcoin increases. If you hold your bitcoin, your investment will increase as well. If you are thinking your future in a very wise way, holding it will be much better and will give you a good future.
But that doesn't mean that we would not trade or even use bitcoin as a trading tool or currency right? Yes it is good to save or hold bitcoin, but it also means that we will be holding it and not even move some of it for investing and paying right? It may pump or increase for a mean time but it also dumps and that means that we must not always hold bitcoin but we also need to use and enjoy that pump.
Bitcoin will grow in the future for sure but there is no assurance it will continue to go up because the future is unseen and the is the risk for investing.
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